Link One Industrial Estate, George Henry Road, Great Bridge
Franck-Steier Price have recently concluded the sale of Link One Industrial Estate, Great Bridge, on behalf of an institutional client.
The property is in a very prominent location adjacent to Navigation Roundabout and the Black Country New Road (A41), Great Bridge. The property comprises an industrial estate of 10 units arranged in four terraces and constructed in the early 1990s. The eaves heights are 6.5m. The total area is 7,615.48 sq.m (81,973 sq.ft). The units range in size from 387.87 sq.m to 1,727.52 sq.m (4,175 sq.ft to 18,595 sq.ft).
The property is let to 7 tenants with 3 units vacant producing a total current rent of £261,299 per annum. The weighted average unexpired term is 1.6 years.
The purchaser was Kindale Limited who paid a price of £2,420,000 reflecting a net intial yield of 10.21% assuming costs of 5.7625%.